A Georgia license has been inactive for 6 years and the former licensee applies to reinstate it in 2026. Assuming none of the six years was spent as a registered bank originator, must the testing requirement be met again?
Correct Answer
A) The testing requirement must be met again before any reinstatement
Where reinstatement is sought for a license inactive for five years or more, the applicant must again meet the testing requirements, and time worked as a registered loan originator during the lapse does not count toward that period. Other choices: proof of the last year of education covers a lapse under three years; reinstatement is available rather than impossible; and registering with a bank is a different status altogether. Source: Ga. Comp. R. & Regs. 80-11-5-.04(1)(f)(2)
Why This Is the Correct Answer
Where reinstatement is sought for a license inactive for five years or more, the applicant must again meet the testing requirements, and time worked as a registered loan originator during the lapse does not count toward that period. Other choices: proof of the last year of education covers a lapse under three years; reinstatement is available rather than impossible; and registering with a bank is a different status altogether. Source: Ga. Comp. R. & Regs. 80-11-5-.04(1)(f)(2)
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